Ella's Utility Function Is Min{5x, Y}

question 35

Multiple Choice

Ella's utility function is min{5x, y}.If the price of x is $20 and the price of y is $20, how much money would she need to be able to purchase a bundle that she likes as well as the bundle (x, y) = (7, 15) ?

• A)$440
• B)$360
• C)$177
• D)$372
• E)$72

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Definitions:

Corporate Social Responsibility

The practice of companies taking responsibility for their impact on society and the environment, often beyond what is legally required.

Legislative Barriers

Legal or regulatory obstacles that affect how businesses operate, can limit market entry, or affect competition within industries.

Tactical Greening

Strategic actions taken by companies to make their operations more environmentally friendly without significant alterations to their core business practices.

Quasi-Greening

The practice of making only minor or superficial efforts towards sustainability or environmental responsibility, often for marketing purposes.